About This Plan

Every person or entity who has deducted TDS while disbursing salary to its employees is required to file your quarterly TDS returns.
A delay in filing the returns attracts interest and penalty levied by the Tax Department.
ClearTax provides you with a prompt mechanism to comply with all the TDS compliance on account of salary payment.

Services Covered

Registration on TRACES

Form 24Q Up to 100 employees (1 no.)

Fulfillment using ClearTDS Returns Software

Bulk PAN Verification

Challan Verification

Online FVU Generation and Submission

Generation of Form 16

Who Should Buy

Any individual who is required to make a payment of salary and has to deduct TDS

Any organisation such as corporate, partnership firm etc required to make salary payment after deduction of TDS

How It's Done

Information Guide

Documents To Be Submitted

Details of deductor

Details of responsible person

Details of deductee

Challan details

Deduction details

FAQs

What is TDS in salary?

TDS or Tax Deducted at Source, is a type of tax levied by the Indian government wherein taxes are collected on the basis of 'pay as you get'. The taxes are deducted at the source of payments such as salary paid to an employee or commission earned by a broker.

The taxe is deducted by the employer before making the payment to employee and is deposited with the govt. The employer later issues form 16 to its employees which serves as a proof of tax payment in the hands of employee.

​Is there any minimum amount upto which tax is not deducted on salary payment?

If the expenditure incurred/payment made during the year is below the threshold limit, then there is no requirement to deduct tax at source.
If net taxable income is less than maximum amount which is not chargeable to tax

Rs. 2,50,000 for an individual

Rs. 3,00,000 for Senior Citizens

Rs. 5,00,000 for Super Senior Citizens

When is online return mandatory?

For certain people, it is compulsory to be submit the quarterly return online. If the deductor is :

A Government office

A company’s principal officer

Assessee who is required to have its accounts audited for the previous year under 44AB of the Income Tax Act, 1961.

If there are 20 or more records of deductees in a statement for any quarter of a particular financial year.
Annexure I and Annexure II are also forms that require submission along with this form. Annexure I has to be filled in for all four quarters of the year.
Annexure II needs to be filed only for the final quarter of the year. ClearTax Experts will guide you on the same.

Is their any interest and penalty for non or late filing of Form 24Q?

In case you have not deposited TDS by the due date, the following penalties are applicable:

Late filing fee (if you do not file by the deadline)

Interest (if you do not deposit the TDS amount in time)

Penalty (if TDS is not filed within one year of the due date)
For more details: click here

Is revised return covered under the plan?

Revised return filing on account of incorrect information provided by the assessee during the original return filing shall not form part of the plan.

I need to file my TDS returns for more than 100 employees. Can you advise?

Our plan caters to filing TDS returns for up to 100 employees. If your firm has more than 100 employees, our representatives will advise you on the fees. Please submit your enquiry here or write to us at enquiries@cleartax.in

Reviews

Reviews

Hi. Thank you for stopping by.

Every person or entity who has deducted TDS while disbursing salary to its employees is required to file your quarterly TDS returns.
A delay in filing the returns attracts interest and penalty levied by the Tax Department.
ClearTax provides you with a prompt mechanism to comply with all the TDS compliance on account of salary payment.

Services Covered

Registration on TRACES

Form 24Q Up to 100 employees (1 no.)

Fulfillment using ClearTDS Returns Software

Bulk PAN Verification

Challan Verification

Online FVU Generation and Submission

Generation of Form 16

Who Should Buy

Any individual who is required to make a payment of salary and has to deduct TDS

Any organisation such as corporate, partnership firm etc required to make salary payment after deduction of TDS

Documents To Be Submitted

TDS or Tax Deducted at Source, is a type of tax levied by the Indian government wherein taxes are collected on the basis of 'pay as you get'. The taxes are deducted at the source of payments such as salary paid to an employee or commission earned by a broker.

The taxe is deducted by the employer before making the payment to employee and is deposited with the govt. The employer later issues form 16 to its employees which serves as a proof of tax payment in the hands of employee.

​Is there any minimum amount upto which tax is not deducted on salary payment?

If the expenditure incurred/payment made during the year is below the threshold limit, then there is no requirement to deduct tax at source.
If net taxable income is less than maximum amount which is not chargeable to tax

Rs. 2,50,000 for an individual

Rs. 3,00,000 for Senior Citizens

Rs. 5,00,000 for Super Senior Citizens

When is online return mandatory?

For certain people, it is compulsory to be submit the quarterly return online. If the deductor is :

A Government office

A company’s principal officer

Assessee who is required to have its accounts audited for the previous year under 44AB of the Income Tax Act, 1961.

If there are 20 or more records of deductees in a statement for any quarter of a particular financial year.
Annexure I and Annexure II are also forms that require submission along with this form. Annexure I has to be filled in for all four quarters of the year.
Annexure II needs to be filed only for the final quarter of the year. ClearTax Experts will guide you on the same.

Is their any interest and penalty for non or late filing of Form 24Q?

In case you have not deposited TDS by the due date, the following penalties are applicable:

Late filing fee (if you do not file by the deadline)

Interest (if you do not deposit the TDS amount in time)

Penalty (if TDS is not filed within one year of the due date)
For more details: click here

Is revised return covered under the plan?

Revised return filing on account of incorrect information provided by the assessee during the original return filing shall not form part of the plan.

I need to file my TDS returns for more than 100 employees. Can you advise?

Our plan caters to filing TDS returns for up to 100 employees. If your firm has more than 100 employees, our representatives will advise you on the fees. Please submit your enquiry here or write to us at enquiries@cleartax.in

Efiling Income Tax Returns(ITR) is made easy with ClearTax platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with ClearTax GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. ClearTax can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with ClearTax by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download ClearTax App to file returns from your mobile phone.